Daily Journal masthead

Budget standoff in Springfield affecting finances at University of Illinois' flagship campus

bug
Share/Save/Bookmark

URBANA, Illinois — University of Illinois Champaign-Urbana administrators say they normally at this time would be drafting a budget for fiscal year 2017 but they're not because of the state budget crisis.

The (Champaign) News-Gazette reports (http://bit.ly/1K60JGb ) administrators told trustees Monday there's no point in preparing a state funding request for 2017 when the school doesn't know how much money it will receive from the state in 2016.

Democratic lawmakers are at a standoff with GOP Gov. Bruce Rauner over a state budget. There fiscal year ended two weeks ago.

The UI has said it will meet July 15 payroll. A university spokesman said the school has 180 days of cash on hand and expects to receive $114 million that the state has yet to appropriate to it from fiscal year 2015.


Information from: The News-Gazette, http://www.news-gazette.com

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow Daily Journal:

All content copyright ©2015 Daily Journal, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.